MCA Notifies Relaxation of Additional Fees regarding filing of Form IEPF-1

MCA Notifies Relaxation of Additional Fees reg. filing of Form IEPF-1 due between 25 March 2016 to 6 Sept. 2016 if the same is filed on or before 6 Oct. 2016

The Ministry of Corporate Affairs (MCA), vide General Circular 10/2016 has notified for relaxation of additional fees regarding filing of Form IEPF-1 due between 25 March 2016 to 6 Sept. 2016 if the same is filed on or before 6 Oct. 2016, as under:

MCA General Circular No. 10/2016 dt. 7 Sept. 2016 (Ref. No. 05/05/2016-IEPF)

The Ministry had deployed the V2R2 version of MCA21 on 28th March, 2016. Consequently, the Form 1- INV as prescribed under the Companies Act, 1956 was not available for filing on the MCA21 portal since 25th March, 2016. In view of this and deployment of the new Form IEPF-1 (which replaces earlier Form 1-INV) after the notification of Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 [IEPF (AATR) Rules] with effect from 7th September, 2016, it is clarified that companies that have not filed the requisite information in Form 1 INV can now file the information in Form IEPF-1. Further, as a onetime measure, for companies with due date for filing of the form 1- INV falling between the period 25th March 2016 to 6th September, 2016, the companies may file the form IEPF- 1 without additional fees on or before 06.10.2016.

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